Jones Lang LaSalle and local affiliate Akershus Eiendom advised vendor ITFP on Norway's second largest single-asset real estate transaction in 2012.
Jones Lang LaSalle and local affiliate Akershus Eiendom advised vendor ITFP on Norway's second largest single-asset real estate transaction in 2012.
Norwegian company ITFP sold Statoil's European headquarters in Oslo to a syndicate of investors for about €430 mln.
The syndicate was arranged by Norwegian investment bank Arctic Securities. The completed sale was Norway’s second largest single-asset real estate transaction in 2012, JLL said.
US investor Madison International Realty assumed a senior role in the purchasing syndicate and provided 35% of the equity.
Peter Hensby, director, European capital markets, Jones Lang LaSalle said: 'Oslo is one of the fastest growing and wealthiest cities in Western Europe. Norwegian real estate has a very compelling investment story for both international and domestic buyers.'
The building was completed in September 2012 and is 100% leased to Statoil on a 15-year term.
Click on the link below to read 'Madison helps Statoil HQ owner unlock equity'
